MANOJa

If u r the adventurous kind , who wouldn't mind jumping from airplane without a parachute , go ahead.

ThePlatinum

I just meant assuming a possession time of 18 mnths... if the progress is good ..after say 12mnths ... then also is it adventurous ?

I got what you said ... but taking an informed decision based on progress should not be an issue, i suppose...

thats my personal view.. but offcourse I am adventurous enough to jump off with a parachute ..

but point well taken.. no point going for it as of now ...

gaurav_chugh

There is absolutely no open area in apartment.

Also did any one found more information on builder location etc.

Eshtyle_Raja

Anybody has further update on this project ???

gaurav_chugh

Avoid this project Raja.... I read your previous post...According to me go for a ready to move in accomodation...though a bit expensive

Benefits:-
You will save rent and the same amount you can use to go for higher EMI

You would save upto 75000/- income tax per year till you EMI goes...

For eg if you have 40000/- surplus each month...

In case of Ready to move in you can go for EMI of 46250/- (Rs 6250 savings from tax)

In case of Underconstruction you can afford an EMI of 22000/- since rent in decent locality of Gurgaon for 2BHK would not be less than 18000/- per month so this gap of 24250/- (46250-22000) gives you an extra loan of Rs 20 - 25 lkhs if you have 15-20 year horizon and hence option to choose a decent ready to move in flat.

Gaurav

Eshtyle_Raja

Hi Gaurav,

Just wanted to share that currently I am living in old gurgaon, sector 4 and paying only 6.5K as rent PM for two room set. Your point of move only to ready to possess flat is very right. But in my case, instead of Rs.18K rent as per your example, it is 6.5K.

If I am assured possession within one year, I would have to bear 72K (12month rent) additional till possession, for that I would create separate reserve. I am ready to take that burden if it is only one year.

Will have to see benefit differential amount of I.Tax exemption in HRA and Home Loan.

I hope I am not missing something. But here my worry is about if this project & site is good enough for a person like me to put money and live.

Please share your further views.

Regards,

gaurav_chugh

Nothing much but just put your money at a very safe place with a know builder... Dont risk it with unknown builder..

Ramaprastha in 37C would be a nice option because its near to sector 4 where you staying already and you will get a 2BHK in 46 lkhs... also construction has started so you will get delivery in time...

The connectivity is also quite good.

Rgds,
Gaurav

prabhjot

Experts please advice..................
Is it wise to invest in this project or in Noida from pure invetsment point of view................This project I am also interested in ..............sec 16 3 bhk around 50-55 lacs..................... what say??????????????